Commercial Property Tenants

[Ginger Brown]

I'm looking at purchasing my first commercial property and wondering how screening company tenants works compared to residential tenants. What do you make them provide?

[Tanh Truong]

I think @Scott Trench hit the nail on the head here. I would add that a background and credit check is necessary for your local mom-and-pop tenants and startups. I might even go as far as asking for PFS and balance sheets. Most often with national/credit tenants less is more as they are less prone to fail. Lastly, it would be beneficial to find out their track record with previous locations and maybe researching through talking with prior neighboring tenants could prove fruitful.